CASE STUDY

Energy Company Improves Production Efficiency Through Implementation of Real-Time Production Analytics

Sep 22, 2016

Business Challenge

Implementation of a robust production planning solution.

The client wanted to implement a solution that gave them access to real-time production and market conditions for improving production schedules and power plant performance.

Speak with our analytics experts today to know how you can leverage production analytics to optimize your production planning process to improve production efficiency and enhance demand forecasting accuracy.

Situation

Inefficiencies in production planning.

The client relied heavily on historic data for forecasting production volumes and production scheduling. This resulted in inaccurate planning and low productivity.

Solution/Approach

Real-time production analytics.

We designed a solution which made use of real-time market information and production information to simulate optimal levels of production capacity. This solution also assisted the client in creating accurate production schedules and plant capacity decisions. The client was also able to simulate multiple scenarios based on price, demand, trends, etc., to decide on production levels.

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Impact

Improved production efficiency and profitability.

The client was able to optimize its capacity utilization rates based on real-time analytics. Also, they were able to improve power plant operations and scheduling resulting in improved productivity and profitability.

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